AMERICAN FARMERS
CO-OPERATIVE SCHEME. (Australian and N.Z. Cable Association.) WASHINGTON, March 6. Under the Bill introduced on Saturday by Senator Brookhart, two hundred and fifty million dollars will be appropriated from the United States Treasury- to create a joint Federal farm export and import marketing association, the management of which will be invested in a board of directors of three persons appointed by the Secretary; of Agriculture, from nominations of the various farming organisations. The organisation, will be empowered to purchase from farmers all exportable surplus crops at an average cost of production, plus 5 per cent of profit. The Department of Agriculture will be required to fix the average cost of production on the basis of cost over the five preceding years. “The ultimate aim of the co-opera-tive organisation shall be to supply the needs of members, to attain control of the necessary production and io effect a union of the societies of the world in an international organisation having some common purpose,” the bill statesPresident Coolidge has ordered an increase in the tariff duty on butter from 8 to 12 cents per lb.
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Greymouth Evening Star, 8 March 1926, Page 8
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185AMERICAN FARMERS Greymouth Evening Star, 8 March 1926, Page 8
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